Us Code § 8308 - Memorandum
Full text of Us Code United States Code § 8308 — Memorandum, with citation guidance and answers to common questions.
§ 8308. Memorandum
(a)(1) The Commodity Futures Trading Commission and the Federal Energy Regulatory Commission shall, not later than 180 days after July 21, 2010, negotiate a memorandum of understanding to establish procedures for—
(A) applying their respective authorities in a manner so as to ensure effective and efficient regulation in the public interest;
(B) resolving conflicts concerning overlapping jurisdiction between the 2 agencies; and
(C) avoiding, to the extent possible, conflicting or duplicative regulation.
(2) Such memorandum and any subsequent amendments to the memorandum shall be promptly submitted to the appropriate committees of Congress.
(b) The Commodity Futures Trading Commission and the Federal Energy Regulatory Commission shall, not later than 180 days after July 21, 2010, negotiate a memorandum of understanding to share information that may be requested where either Commission is conducting an investigation into potential manipulation, fraud, or market power abuse in markets subject to such Commission's regulation or oversight. Shared information shall remain subject to the same restrictions on disclosure applicable to the Commission initially holding the information.
(Pub. L. 111–203, title VII, §720, July 21, 2010, 124 Stat. 1657.)
Part B—Regulation of Swap Markets
About This Section
15 U.S.C. § 8308 is part of Title 15 of the United States Code. The United States Code is the official codification of federal statutes maintained by the Office of the Law Revision Counsel of the U.S. House of Representatives. Congress amends the Code through new public laws, which are eventually incorporated into the relevant title.
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